Ed Slott, a certified public accountant, is a financial expert specializing in retirement planning, IRAs and tax issues. He created the IRA Leadership Program and Ed Slott's Elite IRA Advisor Group. X: @theslottreport
Paying tax now on today's balance may be preferable to paying future tax on a much larger sum, year after year.
Roth IRA conversions or contributions can be undone up to Oct. 15 of the following year
Exploring a time when the IRS was unconvinced a medical condition affected a taxpayer's ability to meet the 60-day requirement.
Steer clear of common mistakes and high penalties related to required minimum distributions.
With the five-year period satisfied, many clients meet the requirements for qualified distributions
With the five-year period satisfied, you could meet the requirements for qualified distributions
Strict new rules on IRA fund transfers are now in effect, and breaking them can be costly.
A recent Tax Court case shows which of your checks don't count as compensation.
Tax Court case shows what counts for IRA contribution deductibility - and what doesn't
Engineer's rollover case points out the need for a good lawyer schooled in tax law.
Tax Court: "Once a year" rollover rule applies to all of a taxpayer's individual retirement accounts.
Tapping accounts for short-term financing can be costly if funds aren't replaced within 60 days
The agency changes course after Tax Court ruling; it will pull proposed regulation.
